Trussonomics is dead

<div>Chancellor Jeremy Hunt gave a statement this morning in which he outlined plans to scrap 'almost all' the tax measures announced by his predecessor, Kwasi Kwarteng just four weeks ago. In one of the largest U-turns in history, the markets have become the most important force in British politics.<br> <br> James Forsyth, Katy Balls, Kate Andrews and Fraser Nelson discuss what may happen over the next few weeks.<br> <br> Produced by Max Jeffery and Natasha Feroze. </div>